Crypto markets have seen a volatile past few weeks, with traders looking for the best bets in the near future. Three tokens, XRP (XRP), Binance Coin (BNB), and Cutoshi (CUTO) are among those with the biggest potential for gains. Recent developments in these tokens all point to a great potential for growth.
XRP ETFs Fuell Trader Enthusiasm
Ripple $0.013099’s XRP has been in the news again, as traders celebrate another ETF filing. A crypto firm Canary Capital has submitted a form to the U.S. Securities and Exchange Commission (SEC) for its own XRP ETF. This comes after multiple XRP ETF filings.
In the United States, the SEC maintains its tough position against crypto ETFs. The current Chair, Gary Gensler, claims that almost all crypto assets are unregistered securities. This means that all crypto assets, other than Bitcoin $0.000143, are at risk of a regulatory crackdown. However, with the US elections underway, the SEC leadership could change soon.
This is particularly likely as crypto companies are pouring billions into election donations. If this happens, the chances for an XRP ETF are much higher. Moreover, crypto firms are targeting both Republicans and Democrats. This suggests a likely positive change for XRP’s chances no matter who wins the election.
Binance Coin Doesn’t Jump After CZ’s Release
After the release of Binance’s CEO Changpeng Zhao (CZ), traders expected Binance’s BNB to jump. Sadly, this did not happen. However, analysts believe that the BNB token still has significant potential.
In September, US authorities released Binance’s founder CZ. He was held in custody over his role in Binance. According to authorities, Binance operated as an unregistered exchange in the US, despite owning a US entity Binance.US. The subsequent settlement saw Binance pay billions in fines, and CZ was removed from its position as CEO.
This naturally affected BNB, which is the exchange’s native token. BNB also has a burning mechanism, which ties its performance to Binance. Moreover, despite the huge fines, Binance remains in a strong position. Binance remains the top crypto exchange, and with the regulatory risk out, BNB is set to grow significantly.
Cutoshi Wins Out As Best Early-Stage Opportunity
While XRP and BNB have strong potential, a new token, Cutoshi (CUTO), wins out. This token is currently attracting major attention with its explosive presale and utility.
Inspired by the Chinese Lucky Cat, it wants to bring luck to your portfolio. Thanks to its cute and fun avatar, it has viral potential among memecoin traders. However, Cutoshi also has strong utility, with a multichain DEX, token farming, NFTs, a crypto academy, and much more.
This blend of memecoins and utility is setting Cutoshi for an explosive 2024 and 2025. Compared to BNB and XRP, memecoins have seen a viral performance. For instance, While BNB only rose 170% last year, memecoins like BONK rose 10,000%. XRP fared even worse, rising just 4% last year.
This shows that Cutoshi has a winning combination. The long-term utility of DeFi with the viral growth of memecoins makes for an explosive growth potential. Thanks to its utility and strong tokenomics, it has a real potential to grow from its low presale price of $0.015 to $1 very soon. However, traders should act soon, to get the best price possible.